Latest Business Insurance Headlines

All the headlines from our Business Insurance Topic Page, ordered by recency.

U.S. Commercial Insurance Prices Were Up 4% in Q3: WTW

Dec 16 2019 // U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson.WTS’s Commercial Lines...

Study: California Self-Insured Employers Save Over Traditional Workers’ Comp

Dec 16 2019 // A new study on California workers’ compensation shows the cost of self-insurance is 14% to 28% less than a traditional workers’ comp policy.It should be noted that the study was commissioned by the California...

McDonald’s Wins Battle With Labor, Avoids Joint Employer Liability with Franchises

Dec 13 2019 // McDonald’s Corp. has won a huge victory in a multiyear legal battle over whether it should share responsibility for alleged labor violations in its franchisees’ restaurants, a case that posed a major threat to...

Louisiana’s Stonetrust Commercial Insurance Adds Lege, Moore

Dec 12 2019 // Stonetrust Commercial Insurance Co., based in Baton Rouge, Louisiana, has hired Brandon Lege as director of Loss Prevention and John Moore as a production underwriter.Lege was formerly the safety and training manager for...

Allianz UK Launches ‘Cyber Select’ Offering for Mid-Size Corporations

Dec 12 2019 // Allianz UK has launched Cyber Select, a cyber offering designed primarily for mid-corporate businesses.Cyber Select’s cover is designed to deal with the consequences of unauthorized use of IT systems and data...

Beazley Life Sciences Product Aimed at Small Businesses, Start-Ups

Dec 10 2019 // Beazley has launched its BioSecure policy, a life sciences proposition designed for small businesses. The coverage provides flexible insurance protection against a range of exposures in the pharma, biotech and medical...

U.S. Commercial Insurance Prices Were Up 4% in Q3: WTW

Dec 9 2019 // U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson.WTS’s Commercial Lines...

A.M. Best Weighs In With Stable Commercial Insurance Outlook for 2020

Dec 9 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...

Chubb Names North America Commercial Lines Leadership: Rockwell, Williamson, Wells

Dec 9 2019 // Global insurer Chubb announced leadership appointments for North America Commercial Insurance, the company’s $5.8 billion retail commercial property/casualty insurance division that serves middle market and small...

Fitch Sees Stronger Commercial Lines But Weaker Auto, Work Comp Results Coming

Dec 6 2019 // The U.S. property/casualty insurance sector should see small improvements in underwriting profits in 2019 and 2020, thanks largely to commercial lines price increases, Fitch Ratings predicts in a new report.But personal...

Study: California Self-Insured Employers Save Over Traditional Workers’ Comp

Dec 5 2019 // A new study on California workers’ compensation shows the cost of self-insurance is 14% to 28% less than a traditional workers’ comp policy.It should be noted that the study was commissioned by the California...

Cybersecurity Provider Coronet, Coalition Partner on Small Business Cyber Product

Dec 5 2019 // Small business cybersecurity provider Coronet has partnered with Coalition, a cyber insurance provider for small and midsized businesses, to offer cyber insurance to Coronet customers. The partnership combines...

Insurtech M&A: Applied Systems to Acquire Indio to Digitize Commercial Lines Sales

Dec 4 2019 // Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies.The move will enable Applied Systems to offer Indio’s digitized commercial insurance...

Cox Named VP, Business Development at Midwest Employers Casualty

Dec 4 2019 // Midwest Employers Casualty (MEC) has appointed Nathan Cox as vice president of sales.Cox succeeds Steven Link, who is retiring. The appointment is effective immediately. Cox will be responsible for revenue, sales growth...

New Oklahoma Law, Workplace Shooting Fears Prompt Security Changes

Dec 3 2019 // Security is not subtle at the sprawling campus of human resources technology giant Paycom in Oklahoma City.Off-duty police officers roam the grounds, bolstering the company’s own force of armed guards. A basement...

Seller’s Market to Deliver Biggest Commercial Rate Hikes in Years

Dec 2 2019 // North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities.While...

Digital MGA C-Quence Joins with Insurtech Cytora to Transform Mid-Market Insurance

Nov 26 2019 // C-Quence, the digital managing general agent (MGA), and Cytora, the insurtech startup that operates an artificial intelligence-powered platform, are joining forces to “turbocharge innovation” in commercial...

Missouri Contractor Faces $210K in Penalties for Workplace Safety Hazards

Nov 26 2019 // Federal workplace safety officials have proposed $210,037 in penalties against a Missouri contractor protect employees from trench collapse and electrical hazards.The U.S. Department of Labor’s Occupational Safety...

McDonald’s Employees’ Suit Claims Store Redesign Abets Workplace Violence

Nov 22 2019 // McDonald’s Corp. employees on Thursday sued the fast food giant and several of its franchisees in Chicago over a store redesign that staffers say has made it easier for angry customers to leap over the counter and...

Texas On-Demand Delivery Service Now Providing Commercial Auto Insurance to Drivers

Nov 19 2019 // Favor, the Texas-based on-demand delivery service, is now providing its entire Runner community of over 80,000 contract delivery drivers with commercial automobile liability insurance coverage during every active delivery...